notices - See details
Notices
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Mike (not verified)
25th August 2016 | 2:09am

Hi Will,

It's always great when stops the roller coaster to check the track for safety. I have an investment background, not legal, as well. I would think there would be three ways to police modern international slave labor, and unfortunately none of them involve the US investor because the US Investor sadly doesn't care.

1). IMF penalties/sanctions/fines to countries who either house companies using slave labor and countries where slave labor is performed. This could be a pass through tax to be paid be the companies, which would go to the laborers making them paid. I am an optimist.

2). Trade tariffs on commodities between nations with proceeds used for the same purpose

3). A world labor regulatory agency for labor coming from The Hague doing the same.

It's an incredibly interesting standpoint to think about this as an investor issue rather than a consumer issue. As you referenced, in a world high-jumping for bps I just don't see the socially conscious investor prevailing because the socially conacious investment manager will not exist sadly. Great article!